I think you should look at if you were to buy in today, what would you allow the price to fall to before you would exit.
You must protect capital in this game. That is more important than increasing capital. IMHO.
You ask a question why would anyone sell now unless forced to? Thats the wrong question to ask IMHO. You need to ask can the price fall further? The answer to that is always yes. Any share can always fall. If it does fall, how much am I willing to let it fall and it won't bother me. Make that choice now. Maybe it's 80, 70, 60, 50 cents. Stick it on a post-it note and stick it on the computer, or simply set a stop loss.
If you don't plan for this, if the price hits 50 cents, you will say to yourself, why would anyone sell here unless they were forced to. The process repeats and maybe you continue to ride it down to 20 cents. The what do you do? Say no one would sell at this price..............
When this was at $2.50, no one thought $2 could be reached. When it was $2 there was no way this could go to $1.50 and so on and so on and here we are at 92 cents with maybe 8 months to go till the DEP is finished.
This share price can continue to fall, if it does you need to plan for that and act on your plan. Don't be like a frog in hot water getting poached before it's to late to get out.
Good luck.
I'M NOT SAYING TO BUY OR SELL SPL. I'M SAYING TO PLAN FOR ALL CONTINGENCIES, AND MAKING STATEMENTS LIKE, NO ONE WOULD SELL AT THIS LEVEL IS FLAWED THINKING.
MAKE YOU'R OWN RULES AND FOLLOW THEM.
25/10/21 I warned this could go to 0.82 cents while others were saying $1.08 was good for shorts to cover, all upside from here, and on other posts time to top up....
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $41.20M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $22.49K | 216.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 347500 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 116839 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 347500 | 0.100 |
2 | 130000 | 0.099 |
1 | 51020 | 0.098 |
2 | 12305 | 0.097 |
1 | 90000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 116839 | 9 |
0.110 | 56501 | 5 |
0.115 | 152870 | 8 |
0.120 | 248404 | 7 |
0.125 | 315137 | 5 |
Last trade - 14.17pm 06/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
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Change
0.005 ( 5.00 %) |
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Open | High | Low | Volume | ||
10.5¢ | 10.5¢ | 10.0¢ | 342043 | ||
Last updated 14.26pm 06/06/2024 ? |
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